GOLDEN SOYA LIMITED
We have audited the attached Balance Sheet of Golden Soya Limited as at
31st March, 1996. No Profit and Loss Account for the year ended 31st March,
1996 has been prepared as the company has not commenced commercial
activities as on that date.
We report that
We report that :
a. We have obtained all the information and explanations which to the best
of our knowledge and belief were necessary for the purposes of our audit;
b. In our opinion proper books of account as required by law have been kept
by the company, so far as appears from our examination of the books;
c. The Balance Sheet dealt with by this report is in agreement with the
books of account;
d. (i) The Company has transferred to Pre-operative Expenses pending
Capitalization, all the expenses incurred during the year, (See Note .2)
(ii) We have been unable to physically verify some of the Equity Shares
held by the company as Invesments.
Subject to the foregoing, in our opinion and to the best of our information
and according to the explanations given to us, the accounts together with
the Notes thereon give the Information required by the Companies Act, 1956
in the manner so required and the Balance Sheet gives a true and fair view
of the state of affairs of the company as at 31st March, 1996.
For MEHRA SEXENA & ASSOCIATES
Place : Mumbai
Dated : 26th August, 1996.